A tale of an unwanted outcome: Transfers and local endowments of trust and cooperation

Transfers can do good; however, they can also result in massive failures. This paper presents a model that highlights the ambiguous nature of the impact of transfers on local endowments of social capital. It then describes an empirical investigation that illustrates that the receipt of EU structural funds causes a deterioration of the endowments of trust and cooperation in the subsidized regions.

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Year of publication:	2014
Authors:	Accetturo, Antonio ; de Blasio, Guido ; Ricci, Lorenzo
Published in:	Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 102.2014, C, p. 74-89
Publisher:	Elsevier
Subject:	Social capital \| Political economy \| Regional transfers

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Type of publication:	Article
Classification:	R1 - General Regional Economics ; D7 - Analysis of Collective Decision-Making ; Z1 - Cultural Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010776755